Miami-Dade County
Florida · Pop. 2,716,940
Ranked #190 of 200 counties
18Crisis
Median Home Price
🏠$550K
5.5% YoY
Median Rent
🔑$2,200
Median Income
💰$55K
Rent Burden
📊42.5%
% of income to rent
Housing Shortage
🏗️85,000
estimated unit deficit
Building Permits (2024)
📋18,000
Price-to-Income Ratio
⚖️10.0x
Homeownership Rate
🏡48.0%
How Miami-Dade County Compares
| Metric | Miami-Dade County | Florida | National |
|---|---|---|---|
| Home Price | $550K | $381K | $410K |
| Rent | $2,200 | $1,719 | $1,500 |
| Income | $55K | $73K | $75K |
| Rent Burden | 42.5% | 37.8% | 30.0% |
| Homeownership | 48.0% | 68.0% | 65.0% |
Key Takeaways
- • Home prices are 34% above the national average.
- • Rent is 47% above the national average.
- • The county has an estimated housing shortage of 85,000 units.
- • 18,000 building permits were issued in 2024.
- • Year-over-year home prices changed by 5.5%.